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Rising Mortgage Rates May Trigger an Arms Race for Home Buyers, According to First American Real House Price Index

Press release content from Business Wire. The AP news staff was not involved in its creation.

United statesNorth carolinaSouth carolinaMark flemingMarcus ginnatyCraig barberioCorporate communicationsFirst american financial corporationCompanies to workMortgage bankers associationFortune magazineAmerican financial corporationAmerican real house price indexEconomist analysisReal house prices increaseReal house price index

Housing affordability lowest in a decade

With no easy fix, economist suggests adjustable-rate mortgage and upping one's income

United statesSouth carolinaMark flemingReal house price indexFirst americanCore based statistical areas

Affordability Declines to Lowest Level Since 2007, According to First American Real House Price Index

—The pandemic-driven supply and demand imbalance that fueled historically strong house price appreciation is coming to an end as the housing market rebalances to a new normal, says Chief. | June 29, 2022

United statesSouth carolinaMark flemingFirst american financial corporationCompanies to workFortune magazineAmerican real house price indexEconomist analysisReal house prices increase nearlyFive cities where affordability declinedAffordability declinedMost year overLeast year overHousehold incomeVirginia beachHouse price index

RE/MAX National Housing Report for May 2022

/PRNewswire/ Although May is one of the most active months of the year for home sales, closings in May 2022 were 8.5% lower than May 2021. They did,.

United statesNew yorkSalt lake citySan diegoSan franciscoGail linigerLos angelesNick baileyTim yeeLas vegasNational housingUs office of managementChildren miracle network hospitalsMonths supplyMedian sales priceClose to list price ratio

Affordability remains a challenge amid market slowdown

Home prices are unlikely to fall anytime soon, says economist

United statesSouth carolinaMark flemingFederal reserveFirst american real house price indexFirst americanCore based statistical areasHousing affordability

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